RUSSIAN GOVERNMENT TO INVEST USD300 MILLION IN DEVELOPMENT OF COUNTRY’S LARGEST MANGANESE FIELD
July 1st, 2017
The Russian government, together with private investors, plans to invest up to USD300 million in developing the Usinskoe manganese field, the largest manganese reserve in Russia, located in Kemerovo Oblast, in southwestern Siberia.
The project is expected to be implemented by a local mining company, CJSC CHEK-SU.VK, which holds a licence for developing the field valid until 2025, while the majority of funding for the project is expected to be provided by Vnesheconombank (VEB), one of Russia’s largest state-owned banks. The field has reserves of 128 million ...
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